Corn Oil Tightness Driving Market Higher

Distillers corn oil (DCO) prices moved higher today out of a number of markets as feed buyers are paying higher prices to ensure product availability. Ethanol plants have started to idle in response to the negative margin environment, production was estimated at 1.005 million bbl/day last week, down 3 percent from the week prior. DCO production for last week was estimated at 9.54 million pounds per day. Over the last three years, April…